SMA 5 and SMA 10 is crossing and RSI is still above 30. This could be a potential sell order. I will follow it monday and see how it goes.
Potential target
OANDA:AUDJPY
Could it be that USDCAD would see a reversal the next couple of days? Or will the bears countinue to be in control? The price has hit a support level, it seems that there is forming an indecision candle, We can just wait and see. What do you guys think?
It looks like NZDUSD is in a bearish movement, with a falling wedge. It has broke a support level that was hit in mid October This support level has now become a resistance level, in the end of this week. There seems to be some bearish takeover, with really lower highs and lower lows. It will possibly go down to around 0.69700. This is because this level was hit...
It seems that USDCAD is in a triangle formation at the moment. Soon to hit support = sell now. After that it might rise again to hit resistance. I think it will rise to hit resistance and maybe break. This is because of the steeper higher lows, than lower highs. For me it looks like the triangle is more bullish overall than bearish. But for now I see a bearish...
